Higher Power PV Modules Drive Up BOS Costs

Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium carbonate, announced that it has joined the Lithium Regional Innovation Cluster (“LRIC”), a collaborative industry initiative focused on advancing innovation, supply chain resilience, and economic development across the U.S. lithium value chain.

LRIC brings together industry participants, technology providers, academic institutions, and public-sector stakeholders to accelerate the development of a scalable and sustainable U.S. lithium ecosystem. Through this collaboration, Stardust Power will contribute its midstream refining expertise while engaging with peers across the value chain to support innovation and industry best practices.

Participation in LRIC supports Stardust Power’s strategy to advance domestic lithium refining capacity and reduce reliance on foreign supply chains. The collaboration is formalized through a memorandum of understanding.

“Joining LRIC connects Stardust Power to a broader network of industry leaders working to build a resilient U.S. lithium supply chain,” said Roshan Pujari, Founder and CEO of Stardust Power. “As we prepare our Muskogee, Oklahoma refinery toward construction, this collaboration allows us to both contribute our operational perspective and learn from others across the ecosystem. It’s about raising the bar for domestic lithium development and execution.”

“The Lithium Regional Innovation Cluster is proud to welcome Stardust Power as we continue building a more secure and scalable domestic lithium supply chain,” said Florence Meadors, Program Manager of the Lithium Regional Innovation Cluster. “Their focus on midstream refining is a critical component of the U.S. lithium ecosystem, and we look forward to supporting their continued growth.”

Through LRIC, the Company will participate in initiatives focused on advancing lithium processing technologies and strengthening U.S. supply chain coordination.

Stardust Power | www.stardust-power.com 

Lithium Regional Innovation Cluster | https://lithiumric.org/

ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, announced that the company has enabled over 90 charging ports for the South Coast Air Quality Management District (South Coast AQMD), the regulatory agency responsible for improving air quality in Los Angeles, Orange, Riverside, and San Bernardino counties. The deployments provide employees and the public with convenient and reliable EV charging solutions.

“Together with South Coast AQMD, ChargePoint is deploying accessible and reliable charging options for communities within America’s largest EV market,” said Rick Wilmer, CEO at ChargePoint. “Having enabled more than 21 billion electric miles to date, ChargePoint shares South Coast AQMD’s values and directly supports its mission to reduce greenhouse gas emissions and improve air quality.”

The project replaced outdated chargers with 55 new, Level 2 ChargePoint units capable of serving 94 vehicles simultaneously, including multiple ChargePoint CP6000 charging stations. The CP6000 delivers 60% faster charging than a typical Level 2 station and features ChargePoint’s Omni Port connector system, allowing any modern EV to charge without an adapter.

“Expanding charging access for both staff and the public helps address range anxiety and closes infrastructure gaps, which remain key barriers to widespread EV adoption,” said Wayne Nastri, South Coast AQMD Executive Officer. “This is a critical step toward reducing transportation-related emissions. The transportation sector accounts for about 40% of California's greenhouse gases, with light-duty vehicles representing the largest share at 25-30% statewide.”

All stations are managed through the ChargePoint Platform, ChargePoint’s next-generation, flexible software solution designed to provide real-time insights, remotely monitor performance to ensure functionality, and respond to customer needs. Features like intelligent station monitoring and control give South Coast AQMD enhanced visibility into station utilization and performance, and ChargePoint’s innovative Waitlist enables South Coast AQMD employees to easily join a virtual queue, receiving notifications when a charger becomes available via the ChargePoint mobile app.

Enhanced accessibility features of South Coast AQMD’s charging sites include ADA-compliant spacing, signage, and charger placement, to ensure equitable access for all users. Details and locations of the South Coast AQMD ChargePoint locations can be found via the ChargePoint mobile app.

ChargePoint | https://www.chargepoint.com/

South Coast AQMD | www.aqmd.gov

Dimension Energy (Dimension), a leading community solar developer, owner, and operator, announced it has secured its largest construction and term financing, $650 million, to support a 132MW portfolio of 25 community solar projects in Pennsylvania, New York, New Jersey, and Illinois. First Citizens Bank, Mitsubishi UFJ Financial Group, Inc. (MUFG), ING Capital LLC, and National Bank of Canada provided $415 million in debt financing, joined by first-time Dimension partner Franklin Park, which contributed $235 million in tax equity.

“Our largest project financing to-date is a testament to Dimension’s track record and the critical role distributed generation plays in solving America’s energy crisis,” said Rafael Dobrzynski, Co-Founder and CEO of Dimension Energy. “We’re thrilled to welcome Franklin Park as a new partner and to continue our strong relationships with First Citizens Bank, MUFG, ING, and National Bank of Canada.”

The value proposition of community solar continues to grow as U.S. electric prices reach historic highs. Community solar projects provide subscribers with immediate savings on their utility bills and generate power close to where it is used, minimizing the need for costly long-distance transmission infrastructure. Dimension’s projects are frequently developed and brought online in as little as 18 months.

“Dimension Energy is a leader in delivering clean power through their community solar projects across the U.S.,” said Mike Lorusso, Group Head of Energy Finance at First Citizens Bank. “Our team is committed to delivering tailored financing to help clean energy innovators achieve their growth objectives. We are excited to continue our long-standing relationship with Dimension Energy by providing financing to support this latest portfolio of projects.”

“MUFG is pleased to have acted as a coordinating lead arranger (CLA) for the successful closing of Dimension Energy’s latest landmark project. Distributed power generation—and community solar in particular—is a growing segment of the renewable energy market that plays a vital role in meeting U.S. energy needs and enables the participation of a wide range of community members. We look forward to continuing to support Dimension’s ambitious growth in the industry,” said Fred Zelaya, Managing Director – Project Finance, MUFG.

“We are proud to have supported Dimension across multiple financings over several years, and to continue that partnership with the successful closing of this most recent transaction,” said Nada Elreedy, Director Renewables & Power, ING Capital LLC. “Dimension’s ability to deliver high‑quality portfolios across markets has positioned them as a well‑established leader in the sector, and we are pleased to continue supporting their growth through our ongoing relationship”

“National Bank of Canada is proud to support Dimension Energy on its most recent community solar portfolio,” said John Hunt, Managing Director, Project Finance at National Bank of Canada. “Building on our long-term partnership with Dimension, this financing underscores our commitment to promoting sustainable development by actively supporting our clients across the renewable energy sector.”

“Franklin Park is proud to partner with Dimension Energy on this portfolio of community solar projects,” said Neil McQueen, Vice President, Franklin Park Infrastructure. “Dimension is a leader in solar development and operations, and their proven platform makes them an ideal partner for us as we increase our investments in distributed clean energy assets.”

This transaction underscores Dimension Energy’s continued ability to scale high‑impact community solar through strong capital partnerships and disciplined execution. With this financing, Dimension advances its mission to deliver affordable, locally generated clean energy while expanding access to reliable infrastructure across key U.S. markets.

CG/ CRC-IB acted as the exclusive financial advisor to Dimension. Stoel Rives LLP served as counsel for Dimension, Foley & Lardner LLP served as counsel for the lender group, and McDermott Will & Schulte served as counsel for Franklin Park. Enertis Applus + acted as the independent technical advisor for the projects.

Dimension Energy | www.dimension-energy.com

NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, announced it has received its first purchase order from Luminia LLC (“Luminia”), a California-based leader in distributed energy development, under the strategic supply collaboration the two companies announced in December 2025.

The purchase order, valued at approximately $1.9 million for 40 units of NeoVolta's NVGAIN-125K261 commercial and industrial battery storage system, represents the first definitive commercial transaction to emerge from the December 2025 collaboration framework and a critical validation of NeoVolta's integrated C&I platform strategy. This milestone accelerates NeoVolta's entry into the commercial and industrial storage segment, demonstrates the Company's ability to generate near-term C&I revenue using its existing certified product portfolio, and lays the groundwork for a broader, long-term strategic collaboration with one of the most active C&I energy storage developers in the United States.

Unlocking the Broader Opportunity: From Supply Agreement to Strategic Collaboration

In December 2025, NeoVolta and Luminia announced a strategic supply collaboration framework under which NeoVolta would receive a right of first refusal to supply battery energy storage systems across Luminia's portfolio of California solar-plus-storage projects, representing up to 160 MWh of potential supply and approximately $39 million in potential equipment revenue. Today's purchase order is the first concrete step related to that framework.

Luminia operates as a platform-scale developer with a substantial contracted demand base and a growing active project pipeline across California's commercial, municipal, and community energy storage market. The company's development activity positions it as one of the more significant participants in the U.S. C&I distributed storage segment, and NeoVolta views the relationship as a platform for sustained, multi-year demand rather than a series of isolated transactions.

While this initial purchase order reflects the existing supply collaboration framework, both companies expect the relationship to evolve into a deeper strategic relationship encompassing joint project execution, expanded product deployment, and integrated C&I solutions as NeoVolta's Georgia manufacturing facility ramps toward mid-2026 production.

A Validation of NeoVolta's Integrated C&I Strategy

The C&I energy storage segment represents a significant and growing market opportunity, one that has historically been underserved by both residential installers and large utility-scale EPC firms. Demand for bankable, FEOC-compliant, domestically sourced solutions is accelerating, and NeoVolta believes its integrated platform is uniquely positioned to meet it.

By combining a certified, market-ready product portfolio with an established developer partner offering turnkey EPC and project financing capabilities, NeoVolta is able to offer C&I customers fully structured, bankable energy storage solutions. The Company's Georgia manufacturing facility, on track for a mid-2026 production ramp, will further strengthen this position by adding domestic supply capacity aligned with IRA incentive frameworks.

This purchase order is tangible evidence that this strategy is working. NeoVolta is winning C&I business now, with existing products, ahead of its manufacturing ramp, and alongside a partner with one of the most active project pipelines in the U.S. C&I market.

“Receiving this first purchase order from Luminia is a significant milestone that validates both our C&I strategy and the strength of our relationship,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “When we announced our collaboration with Luminia in December, we described it as a platform capable of driving sustained demand over time. This purchase order is the first evidence of exactly that, and we expect this relationship to continue to deepen as we bring our Georgia manufacturing facility online and expand our integrated C&I solutions.”

“This first purchase order is an important step in executing a programmatic deployment model we’ve built to scale across commercial and community portfolios,” said David Field, CEO and Co-Founder of Luminia. “The demand we are seeing from C&I customers for domestically sourced, fully certified battery storage solutions is real and growing and this order marks the beginning of a repeatable project pipeline with NeoVolta.”

Accelerating NeoVolta's Multi-Vertical Platform

This transaction is a meaningful proof point in NeoVolta's broader strategy to build a vertically integrated energy solutions platform spanning residential, commercial and industrial, and utility-scale markets. NeoVolta's C&I approach is built on partnering with established project developers and financing platforms such as Luminia, enabling the Company to offer customers fully structured, bankable energy storage solutions rather than simply supplying hardware.

The Luminia relationship also provides forward demand visibility that supports production planning at NeoVolta's Georgia manufacturing facility, where initial 2 GWh annual capacity – scalable to 8 GWh subject to additional capital investment and operational milestones – is expected to ramp in mid-2026.

NeoVolta will supply 40 units of the NVGAIN-125K261 under this purchase order, including on-site commissioning support across selected sites. The Company will provide updates on material developments under the broader Luminia collaboration as they occur.

NeoVolta | www.neovolta.com

Luminia | https://luminia.io

The New York Power Authority (NYPA) announced its participation in the development of Hannacroix Solar, a 5-megawatt (MW) solar project located in Greene County. The Power Authority support for the project will help ensure it is developed ahead of deadlines associated with the expiration of federal tax credits for solar and wind projects. When operational, Hannacroix Solar will contribute to the Power Authority’s Renewable Energy Access and Community Help (REACH) program, which provides bill credits to low-income New Yorkers. 

“Since NYPA was authorized less than three years ago to support large-scale renewable energy development, it has worked diligently to stand up a program capable of accelerating clean energy projects across New York State,” said New York Power Authority President and CEO Justin E. Driscoll. “Amid headwinds affecting the industry, NYPA established new business structures, assembled a team of seasoned professionals, and refined a portfolio of project opportunities. In 2026, those efforts will bear fruit. This agreement reflects progress in the Power Authority’s efforts to strengthen New York’s grid with emissions-free generation resources.”

In September 2025, Governor Kathy Hochul directed state entities to fast-track shovel-ready renewables projects to take advantage of expiring federal tax credits. To that end, NYPA is exploring project partnership and acquisition opportunities across New York State and is leveraging its resources to accelerate renewables project development. NYPA has entered into exclusivity agreements for projects totaling more than 350 MW and will launch the process to develop a new biennial renewables strategic plan later this year. 

Under the terms of the deal announced today, NYPA will provide initial financing to advance Hannacroix Solar through its remaining pre-construction development activities. Pending final due diligence and customary closing conditions, the Power Authority will finance the project’s construction later this year, fully acquiring it in 2027. The agreement was negotiated between Teichos Energy, the project’s developer, and the New York Renewable Energy Development Holdings Corporation (NYRED)—a wholly-owned NYPA subsidiary created to facilitate the Power Authority’s renewable efforts.

Teichos Energy CEO Stephen Voorhees said, “NYPA has long been recognized as an innovator in the electric power industry and we welcome the opportunity to advance their goals of making New York’s electric power mix cleaner while stabilizing power costs.”

Hannacroix Solar is expected to break ground later this year and will begin operating in late 2027. The project is included in the NYPA Renewables Updated Strategic Plan, which details the Power Authority’s efforts to develop, own, and operate renewable generation and energy storage projects.

NYPA Renewables | www.nypa.gov/renewables

Teichos Energy | https://teichosenergy.com/

Citizens Energy Corporation, a nonprofit organization was joined by San Diego Gas & Electric (SDG&E) to announce the donation of electric vehicles to Chicano Federation, Serving Seniors and Healthy Day Partners. The grants awarded to purchase these vehicles are funded from Citizens Energy Corporation’s profits from its investment in high-voltage transmission lines through a partnership with SDG&E.

“Strengthening communities is at the heart of everything we do at Citizens Energy Corporation,” said Joe Kennedy III, President of Citizens Energy. “Our work in California with San Diego Gas & Electric reflects what’s possible when infrastructure investments are paired with purpose—building a more reliable grid while directing resources back into the communities that make this work possible and supporting those who need it most.”

Citizens’ latest charitable contribution in California represents another investment of profits from its clean energy projects into organizations serving low-income and marginalized communities in San Diego County. Through its partnership with SDG&E these three organizations are deploying electric vehicles to expand meal delivery, strengthen community health efforts, and improve access to food—all while reducing emissions in communities that have long faced disproportionate environmental burdens. 

“Transportation electrification delivers the greatest value when it directly supports the people and services communities rely on every day,” said Scott Crider, president of SDG&E. “Through our partnership with Citizens Energy, we're helping local organizations expand their impact — getting food to families, supporting seniors, and strengthening community health. These grants are about more than vehicles; they're about putting clean energy to work in practical, meaningful ways that strengthen our communities.”

At Serving Seniors’ Gary and Mary West Senior Wellness Center in Downtown San Diego, Citizens and SDG&E joined the three grantee organizations to celebrate their work and Citizens’ funding of six new electric vans, which will help the organizations fulfill their missions. 

"Serving Seniors is grateful for the support of our vital meal delivery service through the Citizens Energy EV Grant Program,” said Melinda Forstey, President & CEO, Serving Seniors. “Providing healthy, nutritious meals as well as regular check-ins by our staff helps keep older adults in San Diego healthy and thriving, while shifting to EV vehicles keeps our environment healthy and thriving into the future." 

“At Chicano Federation, our work has always been rooted in showing up for our community with care, consistency, and respect,” said Liz Ramirez, CEO of Chicano Federation. “These electric vans strengthen our ability to deliver food, connect with families, and ensure essential resources reach those who need them most. As we continue to grow, this moment marks an important step forward in how we serve, allowing us to deepen our impact in a way that is both sustainable and responsive to our community. We are grateful to Citizens Energy and SDG&E for standing alongside us in this work.”

“We are deeply grateful to Citizens Energy for this electric van and to SDG&E for nominating Healthy Day Partners. This collaborative, values-aligned support expands our reach and powers programs like our Straight 2 the Plate Mobile Garden Classroom and the Healthy Communities Fruit Tree Program, teaching over 38,000 food-insecure children, seniors, and families to grow their own food, rely less on handouts, and build lasting food sovereignty throughout San Diego County—all while reducing our own environmental footprint.”

After the announcement, Kennedy, Crider, Citizens CEO Pete Smith and members of the SDG&E team served lunch at the Wellness Center as part of the Serving Seniors program.

Citizens Energy | https://citizensenergy.com/

SDG&E | https://www.sdgetoday.com/

Prysmian, a world leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the company’s market position in the region.

2025 marked the best year yet for Prysmian, with global revenues reaching €20 billion. North America’s revenues exceed $9 billion, accounting for 40% of the company’s total sales. Over the past two years, Prysmian’s North American footprint has grown exponentially through the acquisitions of Encore Wire and Channell, adding over 3,000 employees and expanding the company’s product portfolio. As Prysmian continues its evolution from a cable manufacturer to a solutions provider, these partnerships unlock major energy priorities, including data centers, industry, and the strengthening of the U.S. power grid. 

The North American market continues to expand across sectors: power consumption from data centers will jump 175% by 2030 (from 2023 levels), and U.S. power demand is expected to increase up to 3.5 percent annually through 2040, positioning Prysmian as a company poised to meet the cabling and solution demand that comes alongside these increases.

“As Prysmian continues to expand in North America, developing our executive leadership across businesses and industry segments is a strategic priority,” said Andrea Pirondini, CEO of Prysmian North America. “This cross-functional experience strengthens how we operate as one organization, enhances our ability to scale, and ultimately allows us to deliver greater value to our customers. Investing in leadership development ensures we sustain our momentum and continue to provide the high-quality, innovative solutions that define Prysmian.”

North America’s leadership changes include:

All other North American leadership positions will remain unchanged, and Prysmian is committed to the North American market, ensuring our customers receive outstanding products and service tailored to their needs. 

Prysmian | na.prysmian.com